Rise in Demand for Luxury Cars Spurring Growth Prospects in the Global Automotive Electric Fuel Pumps Market: Technavio Report

Renewable energy

 

  • The key vendors in the Global Automotive Electric Fuel Pumps Market 2014-2018 are Bosch Group, Continental AG, Delphi Automotive plc and Denso Corp.

London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Automotive Electric Fuel Pumps Market 2014-2018.   A rise in demand for gasoline direct injection systems is a major trend upcoming in the market. The high demand for LCVs with improved performance and driving experience is motivating original equipment manufacturers to increasingly adopt GDI systems and develop vehicles with enhanced fuel efficiency.  The Global Automotive Electric Fuel Pumps market is expected to grow at a CAGR of 5.39 percent during the period 2014-2018.

“Luxury cars often use the latest technology for fuel injection and often use two electric fuel pumps, one for high pressure and one for low pressure,” says Faisal Ghaus, Vice President of TechNavio Research.

“A rise in demand for luxury cars will eventually lead to an increase in demand for electric fuel pumps boosting market growth.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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